Dan Buys a Property for $250 000

question 39

Multiple Choice

Dan buys a property for $250 000. He is offered a 20-year loan by the bank, at an interest rate of 6% per year. What is the annual loan payment Dan must make?

• A)$64 486.34
• B)$32 684.66
• C)$24 864.98
• D)$21 796.14

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Definitions:

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Unusual

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